Reuters reported that Russia's FAS anti monopoly service said that the local unit of US aluminium giant Alcoa has abused its dominant position in certain types of products used by the Russian military.
The regulator noted that Alcoa raised prices on aluminum sheet produced at one plant by 119% in 2009 well above the level for comparable products.
Alcoa's Russian unit said that it would cooperate with the investigation. We can confirm that the company has fully cooperated with the anti-monopoly service in the consideration of this case and will continue to do so.
FAS said that the investigation concerns sheets from aluminum alloy AMg6M, some formats of which are only produced by Alcoa's Russian unit. The sheets are used by the military in aviation and rocket building as well as for other arms needs.
It said that Alcoa's unit abused its dominant position as there is an absence of economic, technological or other reasons for the doubling of prices for sheets from aluminum alloy AMg6M. Such abuse leads to a significant increase of military technology and as a result, an increase in the spending from the federal budget.
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